Stock Market & Financial Investment News

SLM Corp. announces retirement of CEO Albert L. Lord, effective Dec. 31, 2013Sallie Mae, formally SLM Corporation, announced that after service spanning more than 30 years, its vice chairman and CEO Albert L. Lord will retire as CEO, vice chairman and director, effective December 31, 2013. Sallie Mae's board has appointed a search committee to facilitate an effective transition and consider identified internal candidates, as well as qualified external candidates.